According to Casimir Capital:

http://www.scribd.com/doc/93511477/Reiterate-Price-Target-on-Golden-Predator-Casimir-Capital

Updated Resource at Brewery Creek Confirms Potential; More to Come in 2012

Reiterate Current Target

Golden Predator Corp. recently released an updated NI43-101 resource for its Brewery Creek project in the Yukon. The 926k oz of contained Au represents a 90% increase over the estimate utilized in our April 29, 2011 initiation report. The resource update utilized the 55,000 m of drilling completed in 2011.

We note that the resource did not include the Clear Creek and Grew Creek properties, where 29 of 31 holes drilled during 2011 encountered mineralization. GPDcontrols over 5,700 km2 of land in the Yukon, including the Harlan Project in the Selwyn Basin, where a recent 6 hole drill program encountered significant gold mineralization.

Additionally, GPD is well underway with its 2012 drilling program, which will focus on extensions of its recent discoveries (Sleeman, Bohemian-Schooner and Classic) and previously identified zones. With each zone open in several directions, we anticipate continued resource growth at Brewery Creek with multi-million oz potential.

The planned drill program will also test new geochemical and geophysical targets, sterilize proposed leach sites, and provide bulk samples for metallurgical and geotechnical studies.

We maintain our price target of $1.46/sh; a number upheld by the same sum-of-the-parts valuation that we used in our initiation, now reflecting the added value of the ounce increase coupled with GPD’s growing royalty portfolio. These factors were offset by decreases in the value of its security holdings and cash on hand, as well as by an increase in share count.

We reiterate our Overweight rating on the shares